Israel has signed FTAs with Canada, EFTA, Egypt, the EU, Jordan, Mercosur, Mexico, Sri Lanka, Turkey, the US and Vietnam. It is still eyeing others, such as possible deals with India, Russia, Thailand and the Ukraine.
The United States and Israel must modernize their 1985 free trade agreement to better reflect high-tech commerce between the staunch allies, a US senator urged Thursday.
Brazilian President Luiz Inácio (Lula) da Silva met with President Shimon Peres in Jerusalem today and said that Brazil had given its final approval for a free trade agreement between Israel and the Mercosur bloc (Brazil, Argentina, Uruguay and Paraguay). The FTA will come into effect in April.
El Tribunal de Justicia de la Unión Europea ha dictaminado que los productos que se fabrican o cultivan en las colonias judías de la Cisjordania ocupada no deben beneficiarse de la exención de impuestos que se aplica a los bienes propiamente israelíes en virtud de los acuerdos que han firmado las dos partes, ya que los territorios ocupados no pertenecen al Estado de Israel.
Israel on Monday said it wants to push for a free trade agreement with India with an objective of tripling bilateral commerce to USD 12 billion over the next four-five years.
The decision by Brazil’s House of Representatives last week to approve a free trade agreement for Israel with Mercosul, the South American free trade area, could have enormous economic consequences for the Jewish state, a member of the delegation traveling with Peres has told reporters in the president’s entourage.
La Comisión Parlamentaria de Asuntos Exteriores y Defensa Nacional de Brasil, ha recomendado que el Parlamento no debe ratificar el Tratado de Libre Comercio (TLC) entre el Mercosur y el Estado de Israel hasta que "Israel acepte la creación de un Estado Palestino respetando las fronteras de 1967".
The US-Israel Free Trade Area became law in 1985, but ongoing violations of American intellectual property rights and trade laws are fueling heavy losses of American jobs. As the US economy declines many are trying to separate myths from facts about America’s first bilateral trade agreement.
Global pharmaceuticals companies, which often argue that Israel should pass stricter legislation to protect intellectual property, have received support from an unexpected corner recently: the Institute for Research: Middle Eastern Policy (IRmep) has filed an urgent petition to the United States Trade Representative demanding the immediate suspension of preferential Israeli access to the US market under the Free Trade Area agreement.